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Old 08-31-2022, 05:59 PM
 
252 posts, read 207,322 times
Reputation: 353

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Quote:
Originally Posted by Dr. Jake Oil View Post
Do you realize how galactically stupid it is to say someone making $700k is a $30k millionaire?
Income does not equal net worth. Nicolas Cage is the perfect example of someone who was as broke as a 700k Frisco McMansion 30k millionaire.

https://www.mirror.co.uk/3am/celebri...-150m-22479827

https://variety.com/2022/film/news/n...bt-1235211377/
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Old 08-31-2022, 06:18 PM
 
305 posts, read 476,541 times
Reputation: 521
Quote:
Originally Posted by DFW_FTW View Post
Income does not equal net worth. Nicolas Cage is the perfect example of someone who was as broke as a 700k Frisco McMansion 30k millionaire.

https://www.mirror.co.uk/3am/celebri...-150m-22479827

https://variety.com/2022/film/news/n...bt-1235211377/
The term $30k millionaire means someone who makes $30k lives like they are a millionaire.

You have decided someone who makes $700k is a $30k millionaire. It is a literal contradiction of the term.

People like Nick Cage who earn millions and blow it "were" rich. They're just idiots.

Kind of like people who can't understand the meaning of the basic terms they try to use to sound smart.
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Old 08-31-2022, 06:22 PM
 
252 posts, read 207,322 times
Reputation: 353
Quote:
Originally Posted by Dr. Jake Oil View Post
The term $30k millionaire means someone who makes $30k lives like they are a millionaire.

You have decided someone who makes $700k is a $30k millionaire. It is a literal contradiction of the term.

People like Nick Cage who earn millions and blow it "were" rich. They're just idiots.

Kind of like people who can't understand the meaning of the basic terms they try to use to sound smart.
Are you a $30k millionaire? It's OK if you only make $700,000, you can still get bacon on that cheeseburger. Someone has to do the dirty work while the owners and executives are cashing their dividend checks.
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Old 08-31-2022, 09:55 PM
 
1,530 posts, read 1,409,952 times
Reputation: 1183
Rich is subjective. A person with a small house but no mortgage or car payments is considered rich to me.
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Old 09-01-2022, 03:58 PM
 
Location: Castle Hills
1,172 posts, read 2,632,554 times
Reputation: 656
Quote:
Originally Posted by Capitalprophets View Post
Rich is subjective. A person with a small house but no mortgage or car payments is considered rich to me.
It is subjective. I have a good size home that is mortgage free, we own a 2020 Porsche Taycan and 2022 Audi Etron SUV that are paid off and make a good amount of money as well. But we are still forced to work every day just like the rest of the masses. Rich means you never have to worry about working ever again. You can do whatever the hell you want. That is my definition of rich. Everyone has different definitions though. It's not about how much you make it is about how much money you already have and how long it can last you.
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Old 09-03-2022, 08:11 AM
 
252 posts, read 207,322 times
Reputation: 353
Driving a luxury car isn’t a flex if you drive it to a job five days a week

Living in a big house isn’t a flex if you leave it empty all day when you’re at work

A lavish vacation isn’t a flex if you must go back to working for a boss Monday

Financial freedom is the real flex

Rich is when you have to no longer work, you can't spend all the money you have and you end up leaving it to the future generations.

Everything else is just a regular everyday worker bee.
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Old 09-03-2022, 06:16 PM
 
2,995 posts, read 3,099,203 times
Reputation: 5981
Quote:
Originally Posted by DFW_FTW View Post
Driving a luxury car isn’t a flex if you drive it to a job five days a week

Living in a big house isn’t a flex if you leave it empty all day when you’re at work

A lavish vacation isn’t a flex if you must go back to working for a boss Monday

Financial freedom is the real flex

Rich is when you have to no longer work, you can't spend all the money you have and you end up leaving it to the future generations.

Everything else is just a regular everyday worker bee.
VERY well said. Really, nothing else needs to be said after that...
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Old 09-05-2022, 02:50 PM
 
Location: Castle Hills
1,172 posts, read 2,632,554 times
Reputation: 656
Quote:
Originally Posted by DFW_FTW View Post
Driving a luxury car isn’t a flex if you drive it to a job five days a week

Living in a big house isn’t a flex if you leave it empty all day when you’re at work

A lavish vacation isn’t a flex if you must go back to working for a boss Monday

Financial freedom is the real flex

Rich is when you have to no longer work, you can't spend all the money you have and you end up leaving it to the future generations.

Everything else is just a regular everyday worker bee.

Yup, this is exactly what I have been telling people on this thread over and over again for multiple pages.
You make a lot of money, that's nice. Can you stop working? No? Then you are not rich. Now get back in line and keep marching just like everyone else who isn't rich.
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Old 09-06-2022, 09:51 AM
 
578 posts, read 478,472 times
Reputation: 1029
Quote:
Originally Posted by ufcrules1 View Post
Yup, this is exactly what I have been telling people on this thread over and over again for multiple pages.
You make a lot of money, that's nice. Can you stop working? No? Then you are not rich. Now get back in line and keep marching just like everyone else who isn't rich.
Don't want to be pretentious but that sounds like peasants' talk.
Rich people don't just retire by 40, float on a large pool, and read/play video games 9-5. They work as long as they are still capable.
They may, however, coast when they want to.
NCG lands on quant job working 50-60 hours a week and earns $500k-$1M. They may get burned out after a few years and move to Microsoft, work 15-20 hr/wk and collect $200k salary.
Big law senior associate may want to leave NYC, take a pay cut, and become counsel for a mid-sized company in Dallas.
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Old 09-06-2022, 09:58 AM
 
122 posts, read 173,265 times
Reputation: 188
Quote:
Originally Posted by jiping View Post
Don't want to be pretentious but that sounds like peasants' talk.
Rich people don't just retire by 40, float on a large pool, and read/play video games 9-5. They work as long as they are still capable.
They may, however, coast when they want to.
NCG lands on quant job working 50-60 hours a week and earns $500k-$1M. They may get burned out after a few years and move to Microsoft, work 15-20 hr/wk and collect $200k salary.
Big law senior associate may want to leave NYC, take a pay cut, and become counsel for a mid-sized company in Dallas.
I don't know about other people, but I know quite a few of these. They are not rich! Just normal working class people, like me.
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